Tether may continue to move between $0.9980 and $1 in the next few days

Tether may go bullish by the end of the month

Tether (USDT) is noted to be trading below its starting value at the beginning of the year at $1.02. However, the coin may get bullish and may cross the $1.02 mark in the next few weeks. USDT has shown almost a straight line movement in this year, and the highest recorded value in the last 90-days was $1.03. The current market performance may improve in the next few days.

Tether Price Statistics:

In the last one day, there has not been much of movement from the USDT coin, but it has certainly recorded a topsy turvy trend. The coin was trading around $0.9968 at the start of the day yesterday and soon declined to reach as low as $0.9942. It again gained some pace to climb up to $0.9984 but slumped to trade at $0.9949 within few hours. USDT was noted to be trading at $0.9983 around the beginning of today, and now it is at $0.9977 as on August 15, 2019, at 09:35:42 UTC.

The price of USDT is noted to be $0.9977 and 0.00010069 BTC

The market cap of the coin is now $4,034,803,170

The 24 h volume of the coin is now $24,200,540,575

The ROI of the coin stands at -0.27%

The circulating supply of the coin is 4,042,555,317 USDT

USDT has recorded an uptrend of over 0.9% since yesterday and may rise up to $0.9999 by the end of the day. The coin has been moving in the same pattern since quite some time and may break out of it in the next few days.

Tether Price Prediction:

Tether has all the necessary items to cross $1.23 mark, which is its all-time high value, but the coin needs strong partnership support or a huge technological backing in order to do so. This highly secure and reliable crypto has established itself as a stable coin in the market and rightfully so. Now, it only needs to show more profits to the traders.

Conclusion:

This is a good time to plan investments in the USDT token, as the coin has been promising enough till date.

Scott Cook got into crypto world since 2010. He has worked as a news writer for three years in some of the foremost publications. He recently joined our team as a crypto news writer. He regularly contributes latest happenings of crypto industry. In addition to that, he is very good at technical analysis.